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Rsidivergence

33% Move on the horizon!This is really a big move if I'm right on this one. I see the RSI being more oversold while the price is higher. Which means that it is more extraordinary that the price is coming to such a low point. This gives me a very bullish sentiment. Also. the resistance on the ascending triangle turned support in the past few hours! TARGETS To the downside we would see a price declining all the way to 24K To the upside we could see a 48K bitcoin. Huge stuff Happy trading!
BITFINEX:BTCUSDLong
by NeikelTrades
1
📖 A Guide to RSI Divergences - By Trading-GuruIn this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them. I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as well. Obviously, no signal will not provide a 100% success guarantee. But this text-book example on the BTC price showing how they work out every time is great for both learning and profit taking. It can be very hard to trade an asset that has seen such immense growth and nearly vertical upwards momentum. Using RSI divergences you will still be able to predict price reversals and trade successfully. So let's take a closer look at the three different forms of RSI divergences that I cover here on the chart. Exaggerated Divergences Exaggerated divergences are similar to regular divergences, but are considered weaker and less predictive variations. The term exaggerated refers to a circumstance where either the oscillator or price makes an equal high or low. Regular bullish divergences and regular bearish divergences both have two exaggerated variations, so there are four exaggerated variations in total. In this case we look at a bullish version where the price is consolidating the but the RSI shows an increase in momentum. Hidden Bullish Divergences A Hidden Bullish Divergence is considered a continuation signal in an uptrend. It refers to a circumstance where an oscillator reading falls down below its previous low, while price is still higher than its previous low. Hidden bullish divergences are most likely to occur in the middle of an uptrend – often after a healthy pull back – and indicate that the uptrend will most likely continue. The starting point of a hidden bullish divergence should be a clear swing, not just a red candlestick. Regular Bearish Divergence A Regular Bearish Divergence is considered a strong reversal signal in an uptrend. It refers to a circumstance where price rises and makes a higher high, while the corresponding oscillator reading is still lower than its previous high. Bearish divergences are most likely to occur in strong uptrends and signify that upward momentum is weakening. A reversal – or at least a pull back – is then expected to follow. Regular bearish divergences also appear in exaggerated form. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITFINEX:BTCUSDEducation
by Trading-Guru
25
BTC Dominance, time to correct? Time for alts rally?Like in my earlier post on BTC, This is BTC dominance chart also showing weakness like it is seen on BTC USDT. volume is getting lower and lower to previous volumes, macd histogram is not getting enough momentum anymore RSI printing a bear div... as well as dominance approaching resistance. All this combined together shows that btc may be approaching a top and due for a correction, or better still a consolidation while alts get the spark. Many alts are having bull div already and some already have random rallies ut sadly enough not holding the grounds. Is it time for alts rally?
CRYPTOCAP:BTC.DShort
by KryptOkib
2